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<br />e <br /> <br />Under the proposed amendment, for the first year, each of these listed amounts would be <br />reduced by a maximum of$25. The second year, the reduction would by $50, thereafter <br />increasing by $25 each subsequent year forever. <br /> <br />The example of this one tax bill illustrates one of the immediately apparent impacts of the <br />amendment: the Urban Drainage & Flood District would lose all of its $8.88 tax from this <br />homeowner and the Arapahoe Park & Recreation District would receive only about 10% <br />of its assessed tax. In the second year, neither of these govemmenls would receive any <br />property tax from this homeowner. , <br /> <br />The Consequences for <br />Local Governments <br /> <br />The following table shows the first year estimated impact on the property tax revenues of <br />local governments included in this study. <br /> <br />Table 1 <br />1m pact Study <br /> <br />e <br /> <br /> Total 1999 Percent of Total <br /> Property Tax Total Property Property Tax <br /> No. in Revenue After S25 Revenue Lost in Revenue Lost in <br />Type of Gov't. Study deduction in 2001 2001 2001 <br />County governments 56 5843.613.416 53.642.450 0.43% <br />School Districts 174 1.803.131.825 7.127.120 0.39% <br />Home Rule 67 253.381,678 1.247.744 0.49% <br />Municipalities <br />Statuto!)' 178 21.786.475 392.552 1.77% <br />Municipalities <br />Hospital Districts 31 17.193.502 2.224.786 11.46% <br />Ambulance Districts 8 1.602.221 583.055 26.68% <br />Fire Districts 238 379.716.606 3.414.508 0.89% <br />Ubrary Districts 40 50.239.744 4.313.514 7.91% <br />Pari< & Rec. Districts 51 112.042.596 1.192.235 1.05% <br />Junior College 5 31.752.538 700.270 2.16%. <br />Districts <br />Metro Districts 182 157.517.985 644.080 0.41% <br />Cemetery Districts 70 1.024.167 711.059 40.98% <br />Pest Control Districts 24 1.294.973 813.744 38.59% <br />All Other Districts 332 200.097.899 11.n2.644 5.56% <br />TOTALS 1456 53.874.395.625 5114.192.346 <br /> <br />e <br /> <br />A critical reminder these estimates are for onlv the first vear and thev are avera2:es. <br />Some of the governments will experience less loss of revenue and some will experience <br /> <br />Page 4 <br />